Mutual Fund Directors Forum
Mutual Fund Directors Forum shows consistent revenue growth and zero reported officer compensation.
EIN: 10682859 · Washington, DC · NTEE: B99 · Updated: 2026-03-28
Is Mutual Fund Directors Forum Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Mutual Fund Directors Forum directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Mutual Fund Directors Forum
Mutual Fund Directors Forum (EIN: 10682859) is a nonprofit organization based in Washington, DC, classified under NTEE code B99. The organization reported total revenue of $3.3M and total assets of $8.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mutual Fund Directors Forum's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mutual Fund Directors Forum is a mid-size nonprofit that has been operating for 23 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 5.8%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.1M |
| Total Expenses | $2.9M |
| Surplus / Deficit | +$248K |
| Total Assets | $8.1M |
| Total Liabilities | $2.5M |
| Net Assets | $5.6M |
| Operating Margin | 8.0% |
| Debt-to-Asset Ratio | 30.6% |
| Months of Reserves | 34.0 months |
Financial Health Grade: A
In 2024, Mutual Fund Directors Forum reported a surplus of $248K with revenue exceeding expenses, holds 34.0 months of operating reserves (strong position), has a debt-to-asset ratio of 30.6% (moderate leverage).
Financial Trends
Over 13 years of filings (2012–2024), Mutual Fund Directors Forum's revenue has grown at a compound annual growth rate (CAGR) of 5.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +1.1% | +27.6% | +0.6% |
| 2023 | +8.1% | -8.8% | +26.8% |
| 2022 | +3.5% | +33.5% | +10.4% |
| 2021 | +2.7% | -25.3% | +19.9% |
| 2020 | +5.8% | +5.5% | +9.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2003 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Mutual Fund Directors Forum with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Mutual Fund Directors Forum allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $248K, with revenue exceeding expenses.
- Debt-to-asset ratio: 30.6%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no compensation is paid to officers, directors, or trustees, which is highly unusual for an organization of this size and revenue, suggesting either volunteer leadership or compensation is reported under other expense categories.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Mutual Fund Directors Forum's IRS 990 filings:
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data prevents full spending efficiency analysis.
- Unusually high and fluctuating liabilities without clear context.
Strengths
The following positive indicators were identified for Mutual Fund Directors Forum:
- Consistent revenue growth over the past decade.
- Significant asset accumulation, nearly doubling in five years.
- Consistent reporting of 0% officer compensation, indicating strong mission focus or volunteer leadership.
- Expenses generally lower than revenue, leading to surpluses and asset growth.
- Strong financial reserves relative to annual expenses.
Frequently Asked Questions about Mutual Fund Directors Forum
Is Mutual Fund Directors Forum a legitimate charity?
Based on AI analysis of IRS 990 filings, Mutual Fund Directors Forum (EIN: 10682859) some concerns. Mission Score: 90/100. 2 red flags identified, 5 strengths noted.
How does Mutual Fund Directors Forum spend its money?
Mutual Fund Directors Forum directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Mutual Fund Directors Forum tax-deductible?
Mutual Fund Directors Forum is registered as a tax-exempt nonprofit (EIN: 10682859). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Mutual Fund Directors Forum a good charity?
Based on the available data, the Mutual Fund Directors Forum appears to be a financially sound organization with consistent revenue growth and significant asset accumulation. The reported 0% officer compensation is a strong positive for mission focus. However, without a detailed breakdown of program, administrative, and fundraising expenses, a complete assessment of spending efficiency is challenging.
How has the organization's financial health changed over time?
The organization's financial health has steadily improved. Revenue has grown from $2,207,365 in 2015 to $3,105,528 in 2024. Assets have increased substantially from $3,278,709 in 2015 to $8,093,768 in 2024, demonstrating strong financial management and growth.
What is the significance of 0% officer compensation?
The consistent reporting of 0% officer compensation is highly significant. It suggests that the organization's leadership may be entirely volunteer-based or that compensation for key personnel is categorized differently, which would require further investigation to fully understand the compensation structure. From a transparency perspective, it indicates that no funds are directly allocated to officer salaries.
Are the liabilities a concern?
While liabilities have increased, reaching $2,715,889 in 2023 and $2,475,696 in 2024, the organization's assets of $8,093,768 in 2024 comfortably cover these liabilities. This suggests that the organization has sufficient resources to meet its obligations, though understanding the nature of these liabilities (e.g., program-related payables, deferred revenue) would provide more context.
Filing History
IRS 990 filing history for Mutual Fund Directors Forum showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Mutual Fund Directors Forum's revenue has grown by 95.8%, moving from $1.6M to $3.1M. Total assets increased by 243% over the same period, from $2.4M to $8.1M. Total functional expenses rose by 80%, from $1.6M to $2.9M. In its most recent filing year (2024), Mutual Fund Directors Forum reported a surplus of $248K, with revenue exceeding expenses. The organization holds $2.5M in liabilities against $8.1M in assets (debt-to-asset ratio: 30.6%), resulting in net assets of $5.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $3.1M | $2.9M | $8.1M | $2.5M | — | View 990 |
| 2023 | $3.1M | $2.2M | $8.0M | $2.7M | — | — |
| 2022 | $2.8M | $2.5M | $6.3M | $1.8M | — | View 990 |
| 2021 | $2.7M | $1.8M | $5.7M | $1.6M | — | View 990 |
| 2020 | $2.7M | $2.5M | $4.8M | $1.6M | — | View 990 |
| 2019 | $2.5M | $2.3M | $4.4M | $210K | — | View 990 |
| 2018 | $2.5M | $2.4M | $4.0M | $44K | — | View 990 |
| 2017 | $2.4M | $2.3M | $4.0M | $106K | — | View 990 |
| 2016 | $2.4M | $1.9M | $3.8M | $46K | — | View 990 |
| 2015 | $2.2M | $1.7M | $3.3M | $40K | — | View 990 |
| 2014 | $1.9M | $1.5M | $2.8M | $7K | — | View 990 |
| 2013 | $1.6M | $1.6M | $2.4M | $7K | — | View 990 |
| 2012 | $1.6M | $1.6M | $2.4M | $61K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $3.1M, expenses of $2.9M, and assets of $8.1M (revenue +1.1% year-over-year).
- 2023: Revenue of $3.1M, expenses of $2.2M, and assets of $8.0M (revenue +8.1% year-over-year).
- 2022: Revenue of $2.8M, expenses of $2.5M, and assets of $6.3M (revenue +3.5% year-over-year).
- 2021: Revenue of $2.7M, expenses of $1.8M, and assets of $5.7M (revenue +2.7% year-over-year).
- 2020: Revenue of $2.7M, expenses of $2.5M, and assets of $4.8M (revenue +5.8% year-over-year).
- 2019: Revenue of $2.5M, expenses of $2.3M, and assets of $4.4M (revenue +3.0% year-over-year).
- 2018: Revenue of $2.5M, expenses of $2.4M, and assets of $4.0M (revenue +2.0% year-over-year).
- 2017: Revenue of $2.4M, expenses of $2.3M, and assets of $4.0M (revenue -0.4% year-over-year).
- 2016: Revenue of $2.4M, expenses of $1.9M, and assets of $3.8M (revenue +9.4% year-over-year).
- 2015: Revenue of $2.2M, expenses of $1.7M, and assets of $3.3M (revenue +16.1% year-over-year).
- 2014: Revenue of $1.9M, expenses of $1.5M, and assets of $2.8M (revenue +15.3% year-over-year).
- 2013: Revenue of $1.6M, expenses of $1.6M, and assets of $2.4M (revenue +3.9% year-over-year).
- 2012: Revenue of $1.6M, expenses of $1.6M, and assets of $2.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mutual Fund Directors Forum:
Data Sources and Methodology
This transparency report for Mutual Fund Directors Forum is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.